⛽Transaction Fees
Flork includes a 10% fee on all transactions, of which!
Last updated
Flork includes a 10% fee on all transactions, of which!
Last updated
For Open Community Review and Is Subject To Change!
4% are added to the Flork Insurance Asset Fund
3% added to liquidity pool
3% redistributed to all Flork holders as a reward for keeping them.
4% of the fee goes to Flork Fundo Seguros de Ativos: This part of the transaction fee is added to the Flork Fundo Seguros de Ativos. The purpose of this fund is to ensure that there is always sufficient liquidity to cover unexpected events that could impact Flork's value. This fund will be used to buy back and burn Flork tokens when the market is down to provide Flork price support if needed.
3% Added to liquidity pool: This part of the transaction fee is added to the liquidity pool. This is to ensure that there is enough liquidity available for traders to buy and sell Flork tokens. The liquidity pool is an essential aspect of the cryptocurrency market as it helps to stabilize the price and increase trading volumes.
3% Redistributed to all Flork holders as a reward: This portion of the transaction fee is redistributed to all Flork holders as a reward for holding Flork tokens. This is to encourage holders to keep their Flork tokens and not sell them. The more Flork tokens a holder has, the more rewards they will receive. This reward system also helps promote long-term retention of Flork tokens.
Overall, the 10% transaction fee for Flork ensures that there is sufficient liquidity in the market, provides Flork price support during market downturns, and encourages holders to hold onto their Flork tokens. In doing so, Flork aims to create a sustainable and stable cryptocurrency ecosystem that benefits all project stakeholders.
